BGSIX vs. ^NDX
Compare and contrast key facts about BlackRock Technology Opportunities Institutional (BGSIX) and NASDAQ 100 (^NDX).
BGSIX is managed by Blackrock. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGSIX or ^NDX.
Key characteristics
| BGSIX | ^NDX | |
|---|---|---|
| YTD Return | 8.81% | 4.25% |
| 1Y Return | 42.16% | 34.62% |
| 3Y Return (Ann) | 0.00% | 8.34% |
| 5Y Return (Ann) | 15.71% | 17.49% |
| 10Y Return (Ann) | 19.02% | 17.17% |
| Sharpe Ratio | 2.04 | 2.05 |
| Daily Std Dev | 20.16% | 16.49% |
| Max Drawdown | -73.48% | -82.90% |
| Current Drawdown | -14.49% | -4.35% |
Correlation
The correlation between BGSIX and ^NDX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BGSIX vs. ^NDX - Performance Comparison
In the year-to-date period, BGSIX achieves a 8.81% return, which is significantly higher than ^NDX's 4.25% return. Over the past 10 years, BGSIX has outperformed ^NDX with an annualized return of 19.02%, while ^NDX has yielded a comparatively lower 17.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BGSIX vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Institutional (BGSIX) and NASDAQ 100 (^NDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
BGSIX vs. ^NDX - Drawdown Comparison
The maximum BGSIX drawdown since its inception was -73.48%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for BGSIX and ^NDX. For additional features, visit the drawdowns tool.
Volatility
BGSIX vs. ^NDX - Volatility Comparison
BlackRock Technology Opportunities Institutional (BGSIX) has a higher volatility of 7.90% compared to NASDAQ 100 (^NDX) at 5.73%. This indicates that BGSIX's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.